DTN Closing Livestock Comment 08/03 15:31
3 Aug 2017
DTN Closing Livestock Comment 08/03 15:31 Cattle Futures Follow up Wednesday's Rally With Moderate Gains The cattle complex closed moderately higher, supported by follow-through buying and recent cash premiums. Lean hog futures finished with mixed prices with 2017 contracts generally losing ground to 2018 issues. By John Harrington DTN Livestock Analyst GENERAL COMMENTS The country trade was generally quiet with just a few Northern steers and heifers marked steady with midweek firmness (i.e., $118 live; $188 dressed). According to the closing report, the national hog base is $0.23 lower ($73-$82.50, weighted average $79.67). The corn market settled a penny plus lower Thursday, modestly pressed by rain in the forecast for the Western Corn Belt and spillover selling from the bean trade. The stock market closed mixed with the Dow up 9 points and the Nasdaq off 22.